Tatarstan farmers were told about the possibilities of profitable acquisition of mineral fertilizers through the exchange

29 October 2019, Tuesday

Today, a workshop on the development of exchange of trading mechanisms for mineral fertilizers, oil products and agricultural products was held at the Ministry of Agriculture of the Republic of Tatarstan with the participation of the Deputy Prime Minister of the Republic of Tatarstan - Minister of Agriculture and Food of the Republic of Tatarstan Marat Zyabbarov and agricultural producers of the republic.

Opening the meeting, the minister thanked the organizers - FAS Russia and the St. Petersburg International Commodity and Raw Materials Exchange Company for choosing Tatarstan for such an event.

“One of the main measures for obtaining a high yield is the use of a moisture-accumulating soil cultivation system, the mandatory foliar application, the provision of the required amount of nutrition through organic fertilizer (including through biologization) and the introduction of mineral fertilizers. The next year, we set ourselves the task of making at least 70 kg a.m. per hectare of field. Today's event, we hope, will help us fulfill our plans for the accumulation of fertilizers and grow the planned crop, ”said Marat Zyabbarov.

Turning to the main part of the seminar, the Deputy Head of the Federal Antimonopoly Service for the Republic of Tatarstan Sergey Pavlov noted that exchange mechanisms are, first of all, transparent, therefore they are welcomed by the antimonopoly authority.

Dmitry Makhonin, Head of the Fuel and Energy Complex and the Chemical Industry Department of the FAS Russia, continued to talk about the development of exchange trading in Russia and the advantages of exchange purchases of fertilizers.

Directly on the work of the St. Petersburg International Commodity and Raw Materials Exchange, Alexander Gudkov, Regional Policy Director spoke. Among the advantages, first of all, he noted the guarantee of securing obligations under exchange contracts and protection against fraudsters in the fertilizer market. “Before the start of bidding, guarantee security is introduced, about 5%, which in case of refusal of the transaction, is received by the counterparty. After the parties have made an agreement, 100% prepayment is paid to the account.

Irina Nikolskaya, head of the department for the development of trading technologies at JSC SPbMTSB, directly demonstrated the work of the trading exchange, told how to become a bidder and enter into transactions, including through brokers who also took part in the seminar.

At the end of the event, participants answered questions from agricultural producers.

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